Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

Central Electricity Regulatory Commission Approves Tariffs for NTPC’s 1000 MW ISTS connected RE Hybrid Projects

The Central Electricity Regulatory Commission (CERC) has approved tariffs between Rs3.43/kWh for NTPC’s 1 GW ISTS-connected wind-solar hybrid power projects. However, NTPC’s request for a trading margin of Rs0.07/kWh was rejected, as the awarded capacity is yet to be tied up with distribution licensees.

Background & Tariff Allocation

• NTPC conducted a tender for 1 GW wind-solar hybrid projects, receiving bids for 2,170 MW from nine bidders.
• Five companies secured projects:
  • Avaada Energy: 230 MW @ Rs3.46/kWh
  • Adyant Enersol: 70 MW @ Rs3.45/kWh
  • JSW Neo Energy: 300 MW @ Rs3.45/kWh
  • Juniper Green Energy: 150 MW @ Rs3.43/kWh
  • TEQ Green Power IX: 250 MW @ Rs3.45/kWh

CERC’s Decision

• The Commission approved the tariffs, recognizing the transparent competitive bidding process.
• NTPC must report back once the awarded capacity is tied up under Power Purchase Agreements (PPAs) and Power Sale Agreements (PSAs).
• The trading margin will depend on PSA agreements. If NTPC does not provide an escrow arrangement or letter of credit, the trading margin is capped at Rs0.02/kWh.

This decision aligns with CERC’s focus on fair pricing, ensuring that wind-solar hybrid projects remain viable while safeguarding distribution companies from excessive trading margins.